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Congressional budget forecasters said President Barack Obama's spending blueprint would produce significantly deeper long-run deficits than the White House has projected, complicating the task of enacting his ambitious domestic agenda.
The Congressional Budget Office on Friday said that, if the Obama budget unveiled last month were approved, the federal government would run deficits averaging nearly $1 trillion a year over the next decade.
More at the website.
Just as an FYI 1 trillion is 1 million x 1 million or 1,000,000,000,000.
If you spent a million a day it would take you 2,739 years to spend it.
Congressional budget forecasters said President Barack Obama's spending blueprint would produce significantly deeper long-run deficits than the White House has projected, complicating the task of enacting his ambitious domestic agenda.
The Congressional Budget Office on Friday said that, if the Obama budget unveiled last month were approved, the federal government would run deficits averaging nearly $1 trillion a year over the next decade.
More at the website.
Just as an FYI 1 trillion is 1 million x 1 million or 1,000,000,000,000.
If you spent a million a day it would take you 2,739 years to spend it.
